Loews Co. (NYSE:L) Director Jonathan M. Tisch Sells 47,636 Shares

by · The Cerbat Gem

Loews Co. (NYSE:L – Get Free Report) Director Jonathan M. Tisch sold 47,636 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $84.88, for a total transaction of $4,043,343.68. Following the completion of the transaction, the director now directly owns 6,705,529 shares of the company’s stock, valued at approximately $569,165,301.52. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jonathan M. Tisch also recently made the following trade(s):

  • On Thursday, February 6th, Jonathan M. Tisch sold 3,691 shares of Loews stock. The shares were sold at an average price of $86.89, for a total transaction of $320,710.99.

Loews Stock Up 0.7 %

Shares of Loews stock traded up $0.61 on Thursday, reaching $84.60. The stock had a trading volume of 761,750 shares, compared to its average volume of 724,970. The company has a 50 day moving average price of $84.70 and a 200 day moving average price of $82.79. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.50. Loews Co. has a 1 year low of $72.91 and a 1 year high of $88.29. The stock has a market capitalization of $18.01 billion, a P/E ratio of 13.22 and a beta of 0.80.

Loews (NYSE:L – Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $0.86 earnings per share (EPS) for the quarter. Loews had a net margin of 8.08% and a return on equity of 8.04%.

Loews Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.25 annualized dividend and a yield of 0.30%. Loews’s dividend payout ratio is currently 3.91%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Loews from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Get Our Latest Report on L

Institutional Trading of Loews

A number of hedge funds have recently added to or reduced their stakes in L. State Street Corp raised its stake in shares of Loews by 1.0% during the 3rd quarter. State Street Corp now owns 8,077,241 shares of the insurance provider’s stock worth $638,506,000 after buying an additional 82,581 shares during the last quarter. Norges Bank acquired a new stake in Loews in the fourth quarter valued at approximately $623,493,000. Geode Capital Management LLC boosted its stake in shares of Loews by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 4,476,087 shares of the insurance provider’s stock valued at $378,087,000 after buying an additional 210,594 shares during the last quarter. Invesco Ltd. lifted its stake in Loews by 0.8% during the fourth quarter. Invesco Ltd. now owns 4,462,387 shares of the insurance provider’s stock worth $377,920,000 after purchasing an additional 33,428 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Loews by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,191,888 shares of the insurance provider’s stock worth $268,640,000 after buying an additional 8,750 shares during the period. 58.33% of the stock is owned by institutional investors and hedge funds.

About Loews

(Get Free Report)

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.

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